Xiaomi’s wishful thinking on display in 5G hopes: opinion

A logo sits in the window of a Xiaomi Corp. store in Paris, France, on Friday, May 25, 2018. Chinese smartphone maker Xiaomi opened it's first store in Paris and plans for more shops in France, Spain and Italy, testing the appetite of consumers in developed markets as its executives consider a U.S. expansion. Photographer: Christophe Morin/Bloomberg

Investors waiting for 5G to boost Xiaomi Corp’s fortunes might as well take their money elsewhere. 

Founder and CEO Lei Jun told Bloomberg News late Jan 10 that he expects the advent of next-generation wireless to energise demand for its smartphones: "I think we are at the eve of 5G. I believe when 5G phones start to get popular, the overall demand from China will recover."